Senior Mortgage Loan Processor

Role Description

Provides highly skilled professional assistance in the processing of residential mortgage loans. Identifies and analyzes all required documentation required to facilitate mortgage loan approvals from Mortgage investors and underwriters. Able to accurately spread and calculate self-employed income from tax returns including personal, corporate or business returns. Ensures that all credit packages meet quality standards for completeness, accuracy and timelines established for the loan type. Prepares the loan file for submission to underwriting and includes required documentation and figures for the mortgage loan closer to prepare the required closing disclosure. Ensures that all credit packages comply with regulatory requirements and corporate guidelines. Supports and upholds credit policy and all Federal and State Lending Regulations. Will assist and actively participate in training a Mortgage Loan Assistant if one has been assigned.

Qualifications

• High School Diploma and commitment to continuing job related course work.
• Minimum of 3 years of mortgage processing experience with extensive knowledge of FNMA, FHLMC, FHA, USDA and VA.
• Knowledge and experience with State sponsored down payment and other assistance programs and other specific loan programs.
• Proficient in Microsoft Word, Windows, use of the Internet and Encompass loan processing system.
• Knowledge of loan documentation policies and mortgage lending regulations.
• Attention to detail and accuracy.
• Excellent customer service skills with strong verbal and written communication skills.
• Projects a professional image and collaborates with others in department to accomplish goals and demanding deadlines.
• This position can work remotely from any state that Central Bank operates in, including Missouri, Kansas, and Oklahoma.

Requirements

• Solid knowledge of FNMA, FHLMC, FHA, USDA, and VA.
• Knowledge of State sponsored down-payment and other assistance programs.
• Basic PC knowledge and skills, basic math ability, basic accounting and bookkeeping skills.
• Ability to use a financial calculator.
• Must be detail oriented and possess solid organizational and time management skills.
• Must be able to work independently and handle multiple priorities under pressure of deadline and time restraints.
• Promotes teamwork within the department and other departments.
• Reviews file when received and orders all appropriate documents including credit report updates, title work, appraisal, final inspections, hazard insurance, flood certification and flood insurance if required.
• Ensures that all hazard insurance and flood insurance meets investor requirements prior to the loan closing.
• Ensures accuracy by reviewing and analyzing all aspects of the mortgage credit package.
• Successfully documents mortgage loan file within Encompass processing system as required.
• Ensures legal/regulatory procedures are followed and compliance practices meet all Federal and State standards with a strong emphasis and understanding of HMDA and TRID.
• Ability to run appropriate AUS on each file, verify and validate AUS findings and document file accordingly.
• Able to interface effectively and professionally with applicants/borrowers, realtors, builders, appraisers, title companies and others in department to ensure efficient and timely workflow.
• Provide quality customer service by answering questions for external and internal customers in a timely and professional manner.
• Prepares a complete and concise loan file with timely submission to underwriting and closing in order to meet scheduled contract or other predetermined deadlines.
• Ensures that all conditions have or will be met prior to providing the file to the closing department for preparation of closing documents.
• Maintains and enhances personal knowledge of products and services as well as the laws, regulation and internal policies and procedures appropriate to the position.
• Identifies problems and develops procedures to resolve or correct the situation; monitors and measures the results.
• Provides excellent customer service and solves customer related problems quickly.
• Provides appropriate documentation to closing department for payment of file related expenses.
• Promptly forwards all bills/invoices, etc. for approval and payment.
• Ability to incur expenses is limited to the costs necessitated during the processing of the loan.